Calculate the flexible budget variance for sales revenue

Assignment Help Accounting Basics
Reference no: EM132093541

Question - The static budget, at the beginning of the month, for Onyx Décor Company, follows:

Static budget:

Sales volume: 1,000 units; Sales price: $70.00 per unit

Variable costs: $32.00 per unit; Fixed costs: $37,900 per month

Operating income: $100

Actual results, at the end of the month, follows:

Actual results:

Sales volume: 970 units; Sales price: $74.00 per unit

Variable costs: $35.00 per unit; Fixed costs: $34,400 per month

Operating income: $3,430

Calculate the flexible budget variance for sales revenue.

A) $4,470 U

B) $4,470 F

C) $3,880 U

D) $3,880 F

Reference no: EM132093541

Questions Cloud

Central underlying concept of product differentiation : Can market segmentation be described as a "central underlying concept of product differentiation," why or why not.
How much must your employer borrow to end up : How much must your employer borrow to end up with the $550,000?
Evaluate a variety of digital and assistive technologies : Evaluate a variety of digital and assistive technologies for supporting diverse learners.
Identify four potential unethical actions : Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle each violates.
Calculate the flexible budget variance for sales revenue : The static budget, at the beginning of the month, for Onyx Décor Company, follows: Calculate the flexible budget variance for sales revenue
What is the annual interest cost on the loan : The company is required to maintain a 20% compensating balance in its chequing account. What is the annual interest cost on the loan?
Supplier to receive that discount : How long do you have to pay the supplier to receive that discount? If you don't get the discount, how long do you have to pay 5,000?
Example of consumer facing switching costs : Which decision is an example of a consumer facing switching costs?
How much revenue should finerly recognize upon delivery : Finerly Corporation sells cosmetics through a network of independent distributors. How much revenue should finerly recognize upon delivery to the customer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the two categories that subsequent events fall

Describe the two categories that subsequent events fall into that occur after the balance sheet date but before the issuance of the financial statements

  Discuss the pros and cons of each source of financing

One issue you are discussing is how to finance the projected increases in operating assets. Discuss the pros and cons of each source of financing

  Mikco a foreign corporation owns 100 of flagco a domestic

mikco a foreign corporation owns 100 of flagco a domestic corporation. mikco manufactures a wide variety of fl ags for

  Compute the total unemployment taxes

The company's SUTA tax rate is 2.9% of the first $7,000 of each employee's earnings. Compute the total unemployment taxes

  Compute the total, price and quantity variances for material

Wales Company purchased (at a cost of $11,680) and used 2,000 pounds of materials during May. Wales's standard cost of materials per unit produced is based on 2.70 pounds per unit at a cost $5.90 per pound. Production in May was 680 units.

  Calculate the pretax and after-tax hpr on jill investment

Jill Clark invested $25,000 in the bonds of Industrial Aromatics, Inc. She held them for 13 months, at the end of which she sold them for $26,746.

  Discuss a more accurate product costing model

she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model

  There is an alternative procedure

There is an alternative procedure

  A company was founded in 2010 it acquired 30000 cash by

a company was founded in 2010. it acquired 30000 cash by issuing stock to investors and an additional 20000 cash by

  What were the cumulative tax savings

Inventory is valued, at the lower of cost or market, on the LIFO basis. What were the cumulative tax savings, including 2015

  Confidence intervals-chi-square tests

Earlier we discussed issues with looking at only a single measure to assess job-related results. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help ma..

  Design a degenerate dna probe

Design a degenerate DNA probe you could use to isolate a clone encoding for the following peptide.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd